Clogged US warehouses accelerate decline in trans-Pac spot rates
2022-08-26 04:37

Clogged US warehouses accelerate decline in trans-Pac spot rates

"The decline in container spot rates from Asia to the US West Coast is accelerating, with the Hong Kong–Los Angeles rate having plummeted $1,600 per FEU, or 24 percent, since early July, and multiple forwarders reporting spot rates below $5,000 per FEU this week. The decline reflects easing, yet still elevated, US import demand." See the original story at JOC.

Source: JOC